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Advantage Solutions, Conyers Park Deal Closes

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Irvine-based sales and marketing company Advantage Solutions Inc.’s reverse merger with a blank check company closed Wednesday.

The deal with Naples, Fla.-based special purpose acquisition company Conyers Park II Acquisition Corp. was announced in September, giving a $5.2 billion enterprise value to Advantage.

The company will trade on the Nasdaq under the ticker ADV.

Advantage revenue in 2020 is projected to total $3.2 billion with adjusted EBITDA estimated to be $475 million.

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